FBR to collect bank accounts data for action against tax evaders

ISLAMABAD (DNA) – In its latest move to catch tax evaders, the Federal Board of Revenue (FBR) has issued strict directives to the concerned departments for collecting all the relevant information about wealthy tax evaders.

Specifically, the data of account holders with deposits of Rs500,000 or more [in their bank accounts] will be examined, and a stern action will be taken against those account holders who have not filed their tax returns despite of having the same amount in their accounts.

Moreover, an investigation will be done if any account holder is found to have Rs500,000 or more in his/her account(s) for a period of one year.